The cost of priorities: DOST sets out initiatives as PHL’s R&D funding remains low

Quick Summary:

In a world where innovation is the heartbeat of progress, countries that invest in research and development (R&D) not only keep pace but also set the tempo in global advancement.

Looking ahead, the overall budget for the science agency in 2024 is P26.9 billion, with a further increase anticipated to P28.4 billion in 2025, pending Congressional approval.

In 2023 the Organisation for Economic Co-operation and Development (OECD) published data on R&D spending as a percentage of gross domestic product across Southeast Asia and select OECD countries.

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Article Details

Author / Journalist: Bless Aubrey Ogerio

Category: BusinessStartups

Markets: PhilippinesAustraliaCambodiaCubaGermanyIndonesiaJapanMalaysiaMyanmarSingaporeThailandVietnam

Topics: Dost Innovation Million Budget Research Science National Development Billion Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:04:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1308 words

Reading Time: 8 minutes read

Sentences: 47 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23340488

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